Statute · California Corporations Code

Cal. Corp. Code § 12374 — Standards of Conduct

Cal. Corp. Code § 12374

Type
Statute
Source
California Corporations Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

Interested or common directors may be counted in determining the presence of a quorum at a meeting of the board or a committee thereof which authorizes, approves or ratifies a contract or transaction as provided in Section 12373.

Citator

Cal. Corp. Code § 12374 — Standards of Conduct is in force in the current edition of the Code, and nothing recorded condemns it.

Interested or common directors may be counted in determining the presence of a quorum at a meeting of the board or a committee thereof which authorizes, approves or ratifies a contract or transaction as provided in Section 12373.